by: xpoolPosted on:

Banking Groups Demand SEC Repeal Cybersecurity Disclosure Rule

Several banking industry groups have urged the Securities and Exchange Commission (SEC) to revoke its recent cybersecurity disclosure rule, citing potential conflicts with confidentiality protocols. The American Bankers Association and four other organizations filed a petition with the SEC on May 22, seeking this reversal. This move could impact various industries, including crypto companies, as it allows for greater flexibility in incident disclosures while considering rising legal concerns.

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